The founders of the Chinese mining company Bitmain Jihan Wu and Zhan Ketuan will leave their leadership positions, but will still be able to make important strategic decisions. It is reported by the South China Morning Post, citing informed sources.
According to the publication, the leaders of Bitmain disagreed on the future vector of the company's development in a falling cryptographic market.
It is not yet known when the company will appoint a new CEO, however, the main contender for this position is Bitmain's director of design, Haichao Wang. But since Wu and Zhang own 21% and 37% of the company's shares, they will have the right to vote on strategic issues.
Information about the upcoming staff lay offs at Bitmain appeared in December. It has been reported that a third of the more than 3,000 employees will leave the company.
Similar rumors about the departure of Wu from the company's board of directors were exaggerated by the press in mid-November 2018. This allegedly was connected with an unofficial confrontation with Zhang. However, then the official representatives of Bitmain denied this information.